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Misallocation in Firm Production : A Nonparametric Analysis Using Procurement Lotteries

Carrillo, Paul E.; Donaldson, Dave; Pomeranz, Dina; … - 2023

How costly is the misallocation of production that we might expect to result from distortions such as market power, incomplete contracts, taxes, regulations, or corruption? This paper develops new tools for the study of misallocation that place minimal assumptions on firms’ underlying...

Persistent link: https://www.econbiz.de/10014347985

Techies and Firm Level Productivity

Harrigan, James; Reshef, Ariell; Toubal, Farid - 2023

We study the impact of techies—engineers and other technically trained workers—on firm-level productivity. We first …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …

Persistent link: https://www.econbiz.de/10014348039

Divide and privatize: Firm break-up and performance

Koécenda, Evézen; Hanousek, Jan - 2011

We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...

Persistent link: https://www.econbiz.de/10010274965

Firm level productivity under imperfect competition in output and labor markets

Amoroso, Sara; Kort, Peter M.; Melenberg, Bertrand; … - 2010

total factor productivity growth (TFPG). Embedding Dobbelaere and Mairesse's (2009) generalization of Hall's (1990) approach … competition measure does not affect the level of productivity change. …

Persistent link: https://www.econbiz.de/10010270642

The information content of capacity utilisation rates for output gap estimates

Graff, Michael; Sturm, Jan-Egbert - 2010

From a theoretical perspective, the output gap is probably the most comprehensive and convincing concept to describe the cyclical position of an economy. Unfortunately, for practical purposes, the concept depends on the determination of potential output, which is an inherently unobservable...

Persistent link: https://www.econbiz.de/10010274874

Do entrepreneurs matter?

Becker, Sascha O.; Hvide, Hans K. - 2013

In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...

Persistent link: https://www.econbiz.de/10010291523

Estimated US manufacturing production capital and technology based on an estimated dynamic economic model

Chen, Baoline; Zadrozny, Peter A. - 2005

Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except …

Persistent link: https://www.econbiz.de/10010261321

Real convergence, price level convergence and inflation differentials in Europe

Égert, Balázs - 2007

economic convergence may push up inflation rates in transition economies. Cyclical effects and regulated prices are found to be … exchange rate plays a prominent (but declining) role in transition economies. …

Persistent link: https://www.econbiz.de/10010264234

Asymmetry in volatility: A comparison of developed and transition stock markets

Wdowiński, Piotr; Malecka, Marta - 2010

ARCH modelling framework of Engle (1982) and its GARCH generalization of Bollerslev (1986) gave a huge impetus to econometric model building in the field of financial time series with time-varying variance. The main idea of the models was to describe the most typical features of capital markets...

Persistent link: https://www.econbiz.de/10010270556

Reform, uncertainty and spillovers: A gravity model approach

Fidrmuc, Jan; Karaja, Elira; Tichit, Ariane - 2012

Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...

Persistent link: https://www.econbiz.de/10010281046